Selbyville, Delaware,, Sept. 03, 2024 (GLOBE NEWSWIRE) --
The quantum cascade laser market is expected to hit USD 680 million by 2032, as reported in a research study by Global Market Insights Inc. The surging government support to provide advanced protection against current, evolving, and proliferating missile threats will play a crucial role in the market expansion.
Several research institutions and universities are adopting QCLs for a wide range of scientific studies, including quantum mechanics, material science, and nanotechnology. The growing adoption of these lasers for the development of new prototypes and technologies across various fields, including next-generation sensors, imaging systems, and communication devices will also boost industry growth.
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Quantum cascade laser market value from the external cavity lasers type segment is estimated to accrue notable growth by 2032. This can be attributed to their unique advantages, such as broad tunability, high stability, narrow linewidth, and flexibility in design. External cavity lasers (ECLs) offer a wide wavelength tuning range, which is highly valuable in applications, such as telecommunications, where different wavelengths are used for multiplexing signals in optical networks. These lasers are also used to provide precise control over the output wavelength in spectroscopy and sensing.
Quantum cascade laser market size from the telecommunications end-use industry segment will record a significant CAGR from 2024 to 2032. QCLs can generate wavelengths that experience lower attenuation over long distances, making them suitable for long-haul optical communication networks. This subsequently limits the need for repeaters and amplifiers, leading to cost savings and improved network reliability. Surging deployment in telecommunications infrastructure to monitor environmental factors like temperature, humidity, and gas concentrations will drive segment growth.
Asia Pacific quantum cascade laser market recorded a sizable share in 2023 and is set to exhibit a robust growth rate through 2032. The increasing concerns about air pollution in urban areas is driving the demand for advanced monitoring solutions. The influx of stricter regulations on industrial emissions in China, India, and Japan is fueling the adoption of QCL-based gas analyzers to monitor and control pollutants whilst ensuring compliance with environmental standards. The growing focus on national security along with increased investments in advanced detection technologies will further influence regional market growth.
Some of the prominent quantum cascade laser market players include Aerodyne Research Inc., MG Optical Solutions GmbH, Akela Laser Corporation, Alpes Lasers, Block Engineering, Daylight Solutions, Emerson Electric Co., Hamamatsu Photonics K.K., LaserMaxDefense, MirSense, nanoplus Nanosystems and Technologies GmbH, Picarro, Inc., Power Technologies, Thorlabs, Inc., and Wavelength Electronics, Inc. These firms are engaging in innovation strategies to scale their revenue sales.
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Partial chapters of report table of contents (TOC):
Chapter 2 Executive Summary
2.1 Industry 3600 synopsis, 2018-2032
Chapter 3 Industry Insights
3.1 Industry ecosystem analysis
3.2 Profit margin analysis
3.3 Technology & innovation landscape
3.4 Patent analysis
3.5 Key news & initiatives
3.6 Regulatory landscape
3.7 Impact forces
3.8 Growth potential analysis
3.9 Porter’s analysis
3.10 PESTEL analysis
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About Global Market Insights Inc.
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
